Can a contract prohibit something that is legal? It is entirely possible to make and enforce a contract that forbids you from doing anything that is within your legal rights. One illustration would be a parent offering their child money…
Is it legal to run a business in a residential property? Running your business from home is a great way to reduce overhead costs while growing your business. But it’s important to ensure you are doing so within the confines…
How is “in default” different from a breach in contract law? There isn’t much of a difference between a breach of contract and a default in general legal terminology. Both signify that one of the parties has breached his contractual…
What is the best way to finance a Commercial Property? Conventional Loan: A mortgage given by a bank, credit union, or other traditional financial institution that is backed by the first lien position on the asset being funded. Any sort…
What are the basic laws on Commercial Real Estate? Tenant and landlord laws The purpose of California landlord-tenant legislation is to safeguard both parties’ rights in any renting or lease agreement. These laws define the relationship between the owner of…
What are the major laws relating to Commercial Real Estate? Commercial real estate law can be complex with the number of laws that are currently on the books for federal, state, and municipal legislation. A lawyer is necessary to work…
What is the type of monetary damage for breaching contracts? Compensation for harms Compensatory damages are the most typical kind of financial compensation sought in claims for contract breaches. The breaching party will be required to pay the non-breaching party…